Coriander futures shed 1.56% on profit-booking

In range-bound trade, coriander shed Rs 88 to Rs 5,565 per quintal in the futures market today as speculators booked profits at existing higher levels, driven by weak spot market demand.

At the Multi Commodity Exchange, coriander for delivery in September shed Rs 88, or 1.56%, to Rs 5,565 per quintal with a business turnover of two lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.